According to Joel Prakken, Chairman of Macroeconomic Advisers, LLC,
"Nonfarm private employment increased 10,000 from March to April 2008 on a
seasonally adjusted basis, according to the ADP National Employment Report.
The estimated change in employment from February to March was revised down
from an increase of 8,000 to an increase of 3,000."

"Though April's estimate for a small increase in employment is above
consensus forecasts of an outright decline, it nevertheless suggests that a
sharp deceleration of employment continues."

Prakken added, "Employment in the service-providing sector of the economy
grew 64,000, while employment in the goods-producing sector declined
54,000, the seventeenth consecutive monthly decline. Manufacturing
employment fell 26,000 in April and marked the twentieth consecutive
monthly decline."

"Large businesses, defined as those with 500 or more workers, saw
employment decline 18,000, while medium-size companies with between 50 and
499 workers declined by 14,000. Conversely, employment among small-size
businesses, defined as those with fewer than 50 workers, advanced 42,000
during the month," said Prakken.

Prakken went on to say, "Two sectors of the economy hit hardest by recent
problems in mortgage markets have been residential construction and
financial activities related to home sales and mortgage lending. In April,
construction employment fell another 28,000. This is the seventeenth
consecutive monthly decline, bringing the total decline in construction
jobs since the peak in August 2006 to 288,000. Employment in the financial
activities sector advanced just 2,000 for the month."

The matched sample used to develop the ADP National Employment Report was
derived from ADP data which, during the last six months of 2007, averaged
approximately 392,000 payrolls representing nearly 24 million U.S.
employees. This approximately represents the size of the matched sample
used this month.

Small Business Highlights -- April Report:

Due to the important contribution small businesses make to economic growth,
employment data that is specific to businesses with fewer than 50 employees
will be reported in the ADP Small Business
Report (SM) each month. The ADP Small Business Report is a subset of
the ADP National Employment Report.

-- Total small business employment: +42,000
-- Goods-producing sector: -14,000 small business jobs
-- Service-providing sector: +56,000 small business jobs

Private employment among small
businesses increased by 42,000 in April, according to the ADP Small
Business Report released today. Additional information about small
business employment, including charts on monthly job growth and employment
levels, along with historical data, is available at
http://www.smallbusinessreport.adp.com.

"Employment among small-size businesses, defined as those with fewer than
50 workers, advanced 42,000 during April, down from a revised 53,000
increase in March. This moderate growth of employment among small-size
businesses contrasts with employment declines among larger firms, and is
consistent with the stronger growth and resiliency these businesses have
demonstrated over the past several years," said Joel Prakken.

To obtain additional information about the ADP National Employment Report,
including additional charts, supporting data and the schedule of future
release dates, or to subscribe to the monthly e-mail alerts and RSS feeds,
please visit www.ADPemploymentreport.com.
The May 2008 ADP National Employment Report will be released on Wednesday,
June 4, 2008 at 8:15 a.m. ET.

About the ADP National Employment Report (SM)

The ADP National Employment Report, sponsored by ADP®, was developed and
is maintained by Macroeconomic Advisers, LLC. It is a measure of employment
derived from an anonymous subset of roughly 500,000 U.S. business clients.
During the last six months of 2007, this subset represented approximately
392,000 U.S. business clients and nearly 24 million U.S. employees working
in all private industrial sectors. The ADP Small Business Report (SM) is a
monthly estimate of private nonfarm employment among companies in the
United States with 1-49 employees and is a subset of the ADP National
Employment Report. The data for both reports is collected for pay periods
that can be interpolated to include the week of the 12th of each month, and
processed with statistical methodologies similar to those used by the U.S.
Bureau of Labor Statistics to compute employment from its monthly survey of
establishments. Due to this processing, this subset is modified to make it
indicative of national employment levels; therefore, the resulting
employment changes computed for the ADP National Employment Report are not
representative of changes in ADP's total base of U.S. business clients.

Empirical analysis performed by Macroeconomic Advisers suggests that the
ADP
National Employment Report can be used to develop a forecast of "true"
employment that is superior to those resulting from consensus estimates,
survey data, or other models of employment that do not incorporate the
results of the ADP Report.

Automatic Data Processing, Inc. (NYSE: ADP), with nearly $8 billion in
revenues and over 600,000 clients, is one of the world's largest providers
of business outsourcing solutions. Leveraging more than 55 years of
experience, ADP offers the widest range of HR, payroll, tax and benefits
administration solutions from a single source. ADP's easy-to-use solutions
for employers provide superior value to companies of all types and sizes.
ADP is also a leading provider of integrated computing solutions to auto,
truck, motorcycle, marine and recreational vehicle dealers throughout the
world. For more information about ADP or to contact a local ADP sales
office, reach us at 1.800.225.5237 or visit the company's Web site at www.ADP.com.

About Macroeconomic Advisers, LLC

Macroeconomic Advisers, LLC (MA) has been the most trusted source for U.S.
macroeconomic forecasts and commentary, monetary and fiscal policy
analysis, and econometric modeling for 25 years. MA's clients include
leading financial service firms, nonfinancial corporations, key
policymaking agencies of the U.S. government, as well as State and Foreign
Government agencies. Additional information on Macroeconomic Advisers, LLC
is available on the company's Web site, www.MacroAdvisers.com.

The ADP National Employment Report is a trademark and service mark of ADP
of North America, Inc.